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Perm share issue hicccup

Perm's issue delayed by the Russian Federal Securities Commission

Published: 6/15/1999

At a meeting on June 7th 1999, the Federal Securities Commission decided to suspend the issue of ordinary shares of the Perm Motors public stock company from that date. The commission had already registered the issue of these shares. The decision to suspend the issue was made because the issuer failed to disclose material information in time and in the required form. The report however, does not disclose the nature of the information, but the problem does appear to be largely procedural.

Article ID: 589

 

 

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